Hidden inside every chart is a story. A story about where the price has been and where it might go in the future. Some stories are obvious. Others are a little more difficult to figure out.
Sunday, November 04, 2007
KLCI ends down 0.8% at 1397.48 in moderate volume but off intraday low of 1385.85 as intermittent bargain-hunting in blue chips helped narrow early losses, say dealers. Market remained negative throughout the day; decliners outpaced gainers 599 to 238. The benchmark may trade within 1383-1416 range next week with profit-taking into strength capping gains. Declines on Wall Street overnight and the softer regional markets weighed on investor sentiment but some investors took this opportunity to value hunt. The market may trade within a narrow range next week after gap down from 1409 to 1389.